Takanobu Ito

President, Honda Motor Co.

Takanobu Ito has been the president and chief executive officer of Honda Motor Co. since June 2009. In addition to this role he is also the president and director of Honda R & D. He was born on Aug. 29, 1953, graduated from Kyoto University and joined joined Honda in April 1978.

Honda Motor, seeking to move on from mass recalls involving quality glitches and faulty air bags, said its chief executive would step down to make way for a low-profile engineer with extensive international experience.

Honda isn’t interested in offering financial support to Takata, the Japanese auto maker’s chief executive officer said, dismissing speculation that his company would take the lead in assisting the embattled air bag maker.

McLaren and Honda, reunited as Formula One partners after 23 years, say they need to resolve technical issues before the new season kicks off in Melbourne in a month, but they're striking a hopeful tone.

Honda’s chief executive apologizes for the company’s failure to report to U.S. regulators more than 1,700 incidents involving death or injury over the last decade, saying there were “multiple mishandlings.”

Falling oil prices have far-reaching repercussions. For India’s economy as a whole, the tumbling prices has been a boon, since it makes buying the commodity—needed for its industrial sector and for transport—cheaper.

Honda’s chief executive signaled that the car maker could miss its target of selling 6 million vehicles annually a year worldwide by the fiscal year ending in March 2017 as it grapples with several major recalls.